CLOSING: XOP 30/32/2X35/2X35.5/2X39.5 IRON CONDOR
Closing the remainder of my December cycle XOP core position for a 4.61/contract debit.
Although I'm closing these particular spreads at a loss, I'm green for the December cycle in XOP, given my scratch point of 5.15, resulting in a .54 ($54)/contract profit. This isn't very stellar, but I'll take it given the header oil took off of 2018 highs ... .
Rank/implied remains high here, so I'll look at re-upping in the January cycle.
Although I'm closing these particular spreads at a loss, I'm green for the December cycle in XOP, given my scratch point of 5.15, resulting in a .54 ($54)/contract profit. This isn't very stellar, but I'll take it given the header oil took off of 2018 highs ... .
Rank/implied remains high here, so I'll look at re-upping in the January cycle.
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